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Dero

Dero (DERO)

Rating3.5
  • Coin: Dero (DERO)
  • Launch Date: 2018-04-23
  • Address:
  • Platform:
  • Website: dero.io
  • Explorers: explorer.dero.io, explorer.dero.network
  • Tags: Mineable, Privacy, Smart Contracts
  • Reddit: DeroProject
  • Facebook:
  • Twitter: DeroProject
  • Ranking: 1526
  • Rating: 3.5
  • # 922
  • Dero (DERO)
  • Current Price: $0.31
  • Market Capitalization: $3,927,727.00
  • 24h Trading Volume: $11,069.40

Dero is the first crypto project to combine a proof-of-work blockchain with a DAG block structure and wholly anonymous transactions. It aims to be a revolutionary improvement from existing privacy coins like Monero (XMR) or Z-Cash (ZEC). Dero intends to do that by combining the best of both consensus mechanisms.
Its implementation builds out a main chain from the DAG network of blocks, which refers to main blocks and side blocks. Side blocks contribute to chain proof-of-work security, making traditional 51% attacks impossible. In contrast to traditional blockchains, Dero considers the transaction as the smallest unit of computation, not the block. Therefore, blocks on Dero can contain duplicate or double-spend transactions, but these are filtered by the client protocol and ignored by the network.
In plain English, Dero supposedly manages to combine the security and decentralization of a proof-of-work blockchain with the scalability and transaction speed of DAG technology. Dero’s goal is a blockchain network that can serve businesses and individuals worldwide and support secure, fast, and anonymous transactions and smart contract execution.